Locked Out by Bad Credit? How to Get Back into the Property Market
A credit default doesn't disappear the moment you pay it off.
Most defaults remain on a credit file for five years and serious credit infringements can stay for up to seven years. That’s a long time to be locked out of the property market because of a past credit history that may no longer reflect your current situation.
And right now timing matters. Property prices are easing across several markets, including in some capital cities. Credit-impaired borrowers may miss an opportunity to access a more affordable entry point if they assume they have no lending options.
The good news is that Direct Credit Home Loans specialises in lending to borrowers with blemished credit records. Rather than relying solely on automated credit scoring, a real person reviews your application and considers your broader financial situation.
We’ll consider up to five defaults (paid or unpaid) and discharged bankruptcies, and offer flexible loans with LVRs up to 90%. If you’ve been turned away elsewhere, it’s worth exploring if we may be able to help.
A poor credit score doesn’t have to be an obstacle to getting a home loan. Direct Credit Home Loans specialises in helping credit-impaired borrowers access home loan finance.
Contact us on (07) 3726 1124 or email [email protected] to discuss your situation.
Our experienced staff will assess your application on its merits, not according to rigid criteria. So if you’re credit-worthy, we’ll back you.
We love helping Australians buy property.
Call us on (07) 3726 1124 or email [email protected] to discuss your scenario directly with our credit team.